Netvrk Joined Forces with Elrond Network

Netvrk is excited to announce their partnership with Elrond Network, a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy. Netvrk is a metaverse built on the blockchain, that allows users to Play to Earn, utilizing NFTs and virtual land.

Netvrk will feature Elrond in its metaverse, allowing users to visit and interact with the project’s virtual headquarters. Both projects will work together to integrate the Elrond mainnet in the Netvrk ecosystem, allowing NFTs to be minted on the Elrond blockchain. Furthermore, a portion of the Netvrk token will be minted as ESDT on Elrond, to participate in DeFi opportunities on the Maiar Exchange.

Elrond is built by a team of experienced entrepreneurs, engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.

Chief Executive Officer of Elrond Network, Beniamin Mincu:

“Virtual Reality and the metaverse is the next logical step for human curiosity to engage in exploring beyond what is possible, into what is imaginable. Creative digital settings can act as enhancers for business, education, and entertainment, and anchoring the experiences in the blockchain is the only solution for them to persist in the long term. We’re looking forward to connecting the Elrond Network with the Netvrk metaverse.”

Chief Executive Officer of Netvrk, Michael Katseli:

“Elrond’s unique approach to NFTs makes them truly inexpensive to mint, transfer, and own. This will be interesting for our user base, which we look forward to expanding to include Elrond’s vibrant community and accelerate the growth of the Netvrk ecosystem.”

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Netvrk

Netvrk is a metaverse built on the blockchain, with powerful creation tools and infrastructure to easily create, share, experience, and monetize creations. With a focus on gaming, education and virtual workplaces, built around ownership of virtual land and assets.

📰 INFO

https://netvrk.medium.com/netvrk-partners-with-elrond-network-fe809a0d76a6